When did the old £1 coin go out of circulation?

The old coin ceased being legal tender on October 15, 2017, meaning you can no longer use them to pay for goods.

Retailers will no longer be able to take them or hand them out to customers.

What happens to my old £1 coins?

Some of your old coins will be returned to the Royal Mint where they will be melted down and used to make the new 12-sided coins.

Why was the new coin introduced in the first place?

(Image: Jack Taylor)

The Royal Mint reported that one in every 30 round pounds was a counterfeit as it was vulnerable to sophisticated fraudulence.

Of its 12-sided replacement Royal Mint chief executive, Adam Lawrence said: "It's been designed to be fit for the future, using security features that aim to safeguard our currency, and currencies around the world, for years to come.